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Crimi serve his purpose for Larrucea and he did exactly what he was directed to do.Feed shareholders with garbage till he was detected.
My question is this, once again, when was this so call PR firm hired and what's the name ?
Don't blame the CEO if he accomplished what he set out to do. Right now it appears Larrucea is the winner and will remain the winner till he releases a JUICCCCCCCCCCCCCCY pr if there is one to be released.
jmpo
I agree completely, he was trying to get them to inform us but his advice fell on deaf ears of the CEO. I dont think they will replace him, whats the use in doing so! Supposidly they have a PR firm working for them? If so who knows when they will let them do their job, maybe when they get their issues straightened out? Until then as you have stated, we wait!
Oh you know I was not blaming you.... James did the best he could with what he had to work with IMO... there is an old saying...
Garbage in Garbage out... thats what he was given by the company... I know for a fact that he tried to get them to do somethings and they refused... he may have been let go at the end of Feb...but he was actually done long before then as they ignored all of his suggestions.
Thats why I said months ago...we needed a new CEO as this one is out of touch on how to run a public company. He has no clue on how to handle the responsibilities of keeping shareholders informed.
No blame here, they kept him in the dark the same as us, when they were to start PRs, it didn't happen and been quiet ever since! JMO, JMPO
Me thinks some here need to look up the job description for the IR that a company uses.
They are a denominator of information...they are not a provider of information.... does not matter who the IR is for DTRO...only thing that matters is what the IR firm is given to put out. At this point in time Deltron has NOT given anything to any one to release.
So tell me how do you all blame the IR for this current lack of information state we are in...
Crimi being turfed is the only good news from DTRO in the last year.
jmo
Not to my knowledge but if they are, I would like to know when they were hired ? cuz they r doing a great job so, lol.
jmpo
Boost Marketing was supposed to do the PR campaign?
Do you know the name of the firm for Deltron ?
Beside what W2R posted I looked up an old post from IR, post # 10726
Dec. 2, 2011
Talked to IR James on the phone and asked about the Boost Marketing firm, he told me Deltrons IR firm that is doing their PR Campain is one of the best out there, very reputable and particular who they work with because of their reputation! I also asked about the 3.1M debt for Technology Deal, he told me that NO SHARES have been issued for Debt Conversion on the 3.1M debt!
His email to me indicated he was not aware if his position was being filled or not.
I have sent an email directly to the company to see if they will comment and will let everyone know what I hear.
W2R
Do you know if he has been replaced with someone else?
James Crimi has been released from Deltron. It was effective at the end of Feb., which was the end of his contract.
All we can do is wait, I'm going to call TDG next week and see whats up! catcha later my freind!
Just got back from va ca looks like not much has changed. LOL
There's no news anytime soon, ( and maybe not at all )if there was there would be alot of insider buying at these discounted prices.
I'm growing more and more leary of DTRO but more so with Larrucea.He has released pr's that now look as if they were P/D releases.Also released info thru his PR rep things to be untrue.
Who knows with lack of ANY communications from Larrucea maybe he has or had his own game plan and shareholders weren't included.
jmpo
There are several convertibles that contribute to the derivative expense, not just the $3.15 mill. A couple of years ago I got a full understanding of how it all works.
Here is a post from a person here at IHUB who is very informed on how it all works. Look this up and there are a few posts that explain it in detail. The expense is a number that changes with the stocks price. Thats because the higher the PPS goes up from the price set at the sale of the CD the more money the lender makes when they convert. Is an expense that must be paid, but its also a PAPER expense..by that I mean its not actual money they have had to pay out...its what they would have to pay out if they were to settle the entire debt at once, based on what the PPS is the day they pay it off.
In this explanation just substitute DTRO for CoroWare...in a nut shell, they need to simply do as I said, get Blu Vu to begin to generate revenue so they can assist in paying down the CD burden they have created.
eztradin
Share
Wednesday, July 28, 2010 3:37:08 PM
Re: aries4747 post# 5433
Post # of 5463
The derivative expense is associated with CoroWare's convertible debentures. The derivative liability increases with the increase in CoroWare's stock price, because the underlying embedded conversion feature is indexed to CoroWare's stock. As the derivative liability increases, the derivative expense increases. The interest expense is primarily associated with the amortization of the discount also associated with our convertible debentures.
TJG, the net loss of 7,894,159 ( 9 months ) does that mean only the interest of the note of 3.15 million is included and not the actual note ?
Also it's 6 months since then which means there's an expense of 157,500 dollars just on that note alone, correct ?
thank you in advance for your expertise.
jmpo
Yes I think it will, unless they have done something to curb the derivative expenses. Derivative expense for Deltron are due to the convertible notes they have out there.
Unless restructured or paid down or off thru the conversion process those expenses will continue to increase. If you look further into the Q you will see where mandatory payments are due and since we have not seen any filings to say they are in default of those payments we can assume they are being paid.
But they continue to try and be a one pony show, with Elasco footing the bill for everything... Elasco alone is a profitable company...they need to get Blu Vu up and running if they are to have a chance. Thats why the Titian info is so vital to the success of the stock. Once investors see that Blu Vu has finally generated revenue they will begin to buy. IMO
WOW, awful alot of expenses going out and not enough revenue coming in to cover.
Now I see why Larrucea choose not to pay the annual filing fees.
Do you believe the DEBT will be much higher in next financials ?
jmpo
For those interested in knowing the exact manner in which Deltron aquired a debt total of $7+ million dollars the year end Q read the passage from page 19 of that document.
Its laid all out there and perhaps this can help some, I know it wont help everyone.
Other expense
For the year ended September 30, 2011 we incurred other expenses of $7,678,178 which
consisted of: interest expense of $255,467, non-cash derivative expense of $7,159,130 and an impairment
charge to intangible assets of $266,250. For the nine months ended September 30, 2010, we incurred
other expenses of $169,458, which consisted primarily of $96,167 amortization of note discount related to
the beneficial conversion feature embedded in the $175,500 convertible notes, and total interest of
$53,397 paid and accrued on the $125,000 line of credit, $1,095,110 long term promissory notes, and
$175,500 convertible notes due to certain shareholders and officer.
Net Loss
The increase in net loss of $7,894,159 for the year ended September 30, 2011, compared to the
nine months ended September 30, 2010, was a net result of: an increase in our professional fees, an
increase in gross profit due to efficiencies relating to increased sales, an increase in interest expense due
to the addition of the $3,150,000 note recorded in 2011 and an increase of derivative expense of
$7,159,130 and an impairment charge on the intangible asset of $266,250 in 2011.
Not DEBT but the note has a 10 % fixed annual interest rate which has a maturity date of 3 years before note holder can cash in.
One year has passed.
correct if I'm wrong with this info on the note.
jmpo
Larrucea nor Crimi done absolutely NOTHING to reassure shareholders that DTRO is headed on the right path of success.
In contrast the debt has doubled and Crimi mis-spoken on several occassions, mis-leading shareholders.
I know there are projects that Larrucea can't discuss right now ( if true there are any )but there are issues he most difinitely can explain, such as the " chill order ". why the annual filing fees are in DEFAULT,true reason for r/s or anything just to reassure shareholders.
Since the R/S ( to clean up share price ) as per Larrucea via Crimi. The pps dropped by more than 80 % and NOTHING released to protect it from dropping even more.
jmpo
The DEBT of 3.15 million dollars has a fixed annual interest rate of 10 % another words 315,000 dollars yearly. ( correct me if I'm wrong )
I believe one year has matured.
This kind of debt is very difficult to overcome for any company nevermind a penny stock company especially in today's economy.
It'll take one heck of a JUICCCCCCCCCCCCCCCCCCCY pr to attract anyone with new monies to buy into DTRO.
jmpo
Could you repeat that?
First I've heard of those issues,lol.
I totally agree with you understand your frustrations.
Based on what Titan has told Latrod it would not be in the best interest of DTRO to put out a PR yet.
If you actually read what latrod has posted, all Titan has disclosed is that they are testing the unit and when the testing is completed they will then make a decision on purchasing the unit.
DTRO needs to PR the actual purchase order being filled... if they PR the fact that Titan is testing and may or may not buy, all that does is set them up for the "fluff" PR posts.
Lets use the over seas testing and the fact that they PR'd a F500 company but have not been able to follow up on them as of yet... they would have been better off keeping both of those pieces of info under their hat, until they could PR there actual contracts.
Some here want it both ways... PR about forward events..then complain when they dont happen fast enough for them... DTRO is doing it the right way... there has been no increase in the OS over the past 6 week so we know they are not diluting... its just a tiresome waiting game that we are all playing... only fun we have had was the Pump that took place...since then we have reverted back to piddle on share volume and silence from the company.
You are correct, I'm frustrated with the facts as much as you are and the fact that we are not given any info from the CEO. Sometimes the only info we can get is third hand, TDG the main and best third hand info we can get is what lets us know that they are going forward with the BOV. No matter how many shares one has we are all still in the same boat, and in the dark! You and I, and everyone else have our own opinions, and entitled to such. It's time for DTRO to get off their ask and address issues to get us current, and inform investors as to what their game plan is, and what is going on with other projects!
JMO
Latrod, I know you have ALOT of shares as per your own addmission. I also know you are upset with what I consider to be the FACTS.
As far as contacting Tian Dive Gear,if I felt any truth in what Titan has disclosed to you I would believe that CEO Larrucea would have released a pr of such along with other vital info.
I don't base my opinions on third hand info.
be careful,some of your posts are not within TOS rules,please re-read what mod TJG has posted in a sticky.
JMPO
Bigfoot, have you talked to your freind James Crimi, or is he not there anymore?
JMPHO
Bigfoot, have you contacted Titan Dive Gear?
JMPO
Bigfoot, have you contacted IR at all, the new IR?
JMPO
Bigfoot, have you spoke with the CEO, the new CEO?
JMHO
Bigfoot, have you found any new info? Besides what we already know. DTRO is not current, in debt 7 Mil, 22 Mo. on supposed contract, CEO bites, on chill list, and unanounced R/S. Aything new besides that? TIA JMPO
You keep saying rs are bad but another example of a stock that did a rs because they had to get true value up pcbc. Made money onthat one .. if dtro is cleaniing up I have confidence that dtro will come out smelling like a rose who care if unanouced as long as they get this business going that's all that matters and it takes time..pcbc about 2 years ... dtro clean it up....
An UNANNOUNCED R/S to clean up share price, post r/s down about 80 % so much for cleaning it up.
Alleged CONTRACT going on 22 months old with a nameless F500 company
Placed on the " chill order list "
DEFAULT on annual filing fees
DEBT over 7 million dollars and maybe much more
All these supposively finds attached to DTRO are meaningless unless Larrucea releases a pr informing ALL shareholders of such.
Once again it's pure speculation and worthless.
jmpo
Thanks Latrod.
I have not called them, but I am curious if they will divulge what the light pipes are made of (soy based polyurethane would be a big hint that this is the F500 we are looking for).
That is a good find PB2, called their Headquarters in Michigan to see what I could find out, I was told they deal with the vehicle manufacturer with that lighting, and would have to call them. They do not sell that lighting product to the public, although they do sell alot of other parts. I would say it's a possibillity, but they mention in their release that they have a 37,000 sq ft R & D facility with 40 employees! But you never know, speaking of never know, I'll be happy when we do, as well as everyone else. Still good DD PB2!
Found something interesting from Federal Mogul (350 on the fortune 500 list)
Could this be our Elasco DTRO partner?
“Our unique light pipe design is just one of several new lighting innovations,” Hermiz said. (from the article below)
http://www.annarbor.com/business-review/federal-mogul-ann-arbor-technical-center-unveils-revolutionary-automobile-technology/
thanks latrod. i missed that post
Hey Vaas, not much, but check post# 12743
Lets look at what you just posted and see how it could apply to DTRO..
Latrod, great reasearch but let's see if there's any truth in what they told you. What possible motive would Titan have to lie about this... why would they when someone calls not simply say...we are not dealing with Blu Vu...or We can not discuss it...what can you possibly come up as to why they would lie.
Then you add:
Even if true this alone isn't enough to get DTRO out of the red for a very very long time.
History shows us that, DTRO came out with a PR that stated that Elasco had just had an increase in revenue for the 3rd quarter..the stock went up in two days 3 times what it was prior to that PR... yet you think that after them working on getting anything to market from Blu Vu for the past 2 1/2 years, that when they announce they finally have achieved sales..the stock wont move... thats just crazy...it will go nuts. And please...please mark this post cuz if they do and it does not, I want you to rub my nose in it... but mark this also...if and when they put out news that Blu Vu has sales this will be at minimum a 3 to 5 bagger in two days from the announcment.
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